NEW YORK ( TheStreet) -- Canadian Imperial Bank of Commerce (NYSE: CM) hit a new 52-week low Tuesday as it is currently trading at $65.79, below its previous 52-week low of $67.05 with 185,995 shares traded as of 10:46 a.m. ET. Average volume has been 345,900 shares over the past 30 days.

Canadian Imperial Bank of has a market cap of $27.8 billion and is part of the financial sector and banking industry. Shares are down 13.7% year to date as of the close of trading on Monday.

Canadian Imperial Bank of Commerce provides various financial products, services, and advice to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company has a P/E ratio of 10.1, below the average banking industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Canadian Imperial Bank of as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Canadian Imperial Bank of Ratings Report.

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